CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

Govt spends just 28 percent capital budget in first 10 months

CEO TAB by CEO TAB
May 16, 2020
in Prime News
0
Govt spends just 28 percent capital budget in first 10 months
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

May 15 : The government has been able to mobilize just around 28 percent of the total capital budget in the first 10 months of the current fiscal 2019-20.

You might also like

NTA Warns 73 ISPs to Clear Dues Within 15 Days or Face Legal Action

Government Plans to Issue Infrastructure Bonds Within a Year to Attract Insurance Investment

Stakeholders Push for Tax Reform, Development Focus in Upcoming Budget

Of the total capital budget of Rs 408 billion, it spent a mere Rs 114.1 billion or 27.97 per cent during the review period, according to the statistics prepared by the Financial Comptroller General Office (FCGO).

This is attributed to the failure on the part of the government to expedite development projects in the initial months of the current fiscal year and the obstacles in carrying out development activities due to the COVID-19 pandemic in recent months.

With the development and construction activities coming to a screeching halt owing to the pandemic-induced lockdown, the government is sure to miss its development budget spending target significantly this year.

In fact, the mobilization of capital expenditure this year is likely to be lower than in the two previous fiscal years- 2014-15 and 2015-16.

As a result of the devastating earthquakes, the government spent just 70 per cent of the total capital budget allocated for 2014-15. Similarly, the volume of capital expenditure was confined to 56.3 per cent of in fiscal 2015-16 due to the Indian economic embargo.

Share30Tweet19
CEO TAB

CEO TAB

Recommended For You

NTA Warns 73 ISPs to Clear Dues Within 15 Days or Face Legal Action

by CEO Tab
May 23, 2025
0
NTA and 257 local levels sign MoU for internet service

The Nepal Telecommunications Authority (NTA) has issued a 15-day ultimatum to 73 internet service providers (ISPs) to clear their outstanding royalties and contributions to the Rural Telecommunications Development...

Read more

Government Plans to Issue Infrastructure Bonds Within a Year to Attract Insurance Investment

by CEO Tab
May 23, 2025
0
Economic Reform Commission Recommends Major Legal Overhaul and Public Sector Restructuring

The government has proposed issuing infrastructure bonds within the next year to help diversify the investment portfolio of insurance companies and mobilize long-term funds for development projects. The...

Read more

Stakeholders Push for Tax Reform, Development Focus in Upcoming Budget

by CEO Tab
May 23, 2025
0
Budget of Rs 1.751 trillion announced for fiscal year 2023/24

As the government prepares to unveil the national budget for Fiscal Year 2025/26, stakeholders have called for comprehensive tax reforms, increased development spending, and stronger policy stability to...

Read more

Jewelry Brought by Nepali Returnees Surpasses Rs 5 Billion Amid Lower Gold Prices

by CEO Tab
May 23, 2025
0
Gold price rises by Rs 500 per tola, reaches all-time high

The import of gold and silver jewelry by Nepali returnees has surged significantly, crossing Rs 5 billion in the first ten months of the current Fiscal Year (2024/25)....

Read more

Gold and Silver Prices Decline in Domestic Market

by CEO Tab
May 23, 2025
0
NRB sells gold and silver coins for upcoming Tihar

Gold prices in Nepal fell by Rs 1,100 per tola on Friday, with the new rate set at Rs 190,400, down from Rs 191,500 the previous day. According...

Read more
Next Post
IPPAN donates

IPPAN donates Rs 10 million to COVID-19 fund

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.